Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Rating of “Hold” from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$19.97.

A number of equities analysts have recently commented on AP.UN shares. Raymond James cut their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a report on Monday, January 13th. Desjardins reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, November 1st. Scotiabank decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research note on Friday, November 1st. National Bankshares dropped their price target on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada increased their price objective on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Trading Up 1.4 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$17.25 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The company has a fifty day simple moving average of C$17.67 and a 200-day simple moving average of C$17.86. The stock has a market cap of C$2.21 billion, a price-to-earnings ratio of -4.67 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 12-month low of C$15.13 and a 12-month high of C$20.85.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.